Payroll Changes 2018
Summary of the changes to payroll happening this year.
Auto Enrolment Contribution Increases
Under automatic enrolment, the minimum pension contributions are required to increase on defined dates over time. The thresholds have also been updated as per the announcement by The Pensions Regulator.
National Minimum and Living Wage
New warnings and a report to assist with compliance.
Increase in State Pension Age
The State Pension age for both men and women will reach 66 by October 2020.
There is a new option to always round up pension contributions as some providers require the contributions to always be rounded up to the nearest pence.
Real Time Information (RTI)
Changes for the new Government Gateway and RTI submissions
Data Validation Rules
Data recording rules in the Personnel application and customer and supplier deletion in the ledgers has been relaxed.
PAYE, NI and Statutory Payments
The rate, bandwidths and thresholds have been updated as per the changes announced in the Autumn Statement and the Scottish Budget.
Electronic P60 formats
These have been updated and approved by HMRC.